Saha Eminence

Saha Groupe has launched residential project “Saha Eminence”. Saha Group brings you a home where you and your loved ones can create their own memories and share them with the world. The project comes in an affordable price range and it will have several features adding convenience to living by giving ample open spaces and creating a new lifestyle that investors and end users desire for.Saha Eminence is located in Sector-150, Noida Expressway. Saha Eminence offer you 2/3 BHK luxury apartments at Noida Expressway, that are backed by all the modern facilities and happiness of all.

Godrej Golf Links

In Godrej Golf Links, you’ll find the perfect balance of green living with an activity-driven, urban lifestyle. From the sprawling 9-hole golf course to cafes, convenience stores, and a sports arena to polish your swimming, tennis, cricket and basketball skills, we’ve fitted the entire township with amenities that are as indulgent as they are thoughtful.

Ratan Pearls

Ratan Buildtech is coming up with their new project “Ratan Pearls, 2/3 BHK flats in noida extension” with fully loaded feature and amenities & optimum utilization of land space for the benefit of their customers by offering them 2/3 bhk apartments in noida extension. These residential apartment in greater noida west have 4 Towers. This property Ratan Pearls noida extension is located just 15 Minutes drive from Sec 32 Noida City Centre Metro Station.

Ratan Pearls Specification

RERA Act 2017

Here we will discuss about RERA which is also considered as a Revolution in Real Estate Industry in coming Period of time. The Real Estate (Regulation and Development) Act, 2016 (RERA) had finally gave India’s real estate sector its first regulator from Monday, May 1, 2016.

Real Estate Regulatory Act

What is Rera ?

Who will get Benefits and what will be Effects of RERA?

Most of the People know it with the name of a regulatory act as its Full Form is Real Estate Regulatory Act.Central Government has done the provision for it that it should be implemented in every state of the country. For this a committee will be organised internally in every state who sort out after every complains and disputes between builders and buyers.

This will be divided into two parts;

Some rules which will be implemented universally in every state and other is operations which will help Buyers .First of all we will discuss about those universal rules;

1)we will talk about builder buyer agreement which is signed when we buy a a property i.e called BBA. This BBA format was designed and the language used in that letter was according to builders. They used that letter for any kind of dispute or we can say they use it for their protection against any mess.But now after RERA there will be a Universal BBA for every Buyer where builder put their project details.

2)While delay in Project Completion builder has to pay compensation to buyers. But it was not done in a proper manner as some builders were paying some were not. If the promoter defaults on delivery within the agreed deadline, they will be required to return the entire money invested by the buyers along with the pre-agreed interest rate mentioned in the contract based on the model contract given by RERA. If the buyer chooses not to take the money back, the builder will have to pay monthly interest on each delay month to the buyer till they get delivery.

3) For selling no area was defined, like for ex- 900/sqft size carpet area someone was selling it for 1200/sqft or 1300/sqft and so on,they were doing according to their will. But now after RERA there will be a specific carpet area to be sold and will be defined where balcony and wall area will not be included.

4) Previously whoever was try to be a builder, this was one of the major reason for all the disputes in real estate. As some people with motive to make money become builder and defame Real Estate market. But still around 90% Builders are working on their commitment. And left 10% are responsible are all the mess happened in Real Estate market. The genuine builders are not able to do their work properly due to this.

So Builders who will make more than 5 Flats will come under RERA. RERA will check its 5 years credibility in this market ,only after verification they can register in RERA.

5) Previously buyers were given any quality of product and they have to accept that. But under RERA buyers will get 5 years warranty in product quality.

6) For selling of products there are numbers of brokers in the market, who used to give any mis-commitment to sell a property. Now in RERA they have to understand their responsibility and register themselves in RERA. Builders on the other hand also have to identify their brokers before handling a project.

After analysing all this it is said that there will be lot of improvements will be done after implementation of RERA. Those builders who will thoroughly understands Rules of RERA will not going to do any mistake.

Now we have to see how will it work as there are many regulatory bills already there . Are they working?

Will RERA Work?

Now will talk about its operations part;

The major issue was there was no place where buyer can complain about any issue of property. RERA through its technology will give a platform for this. Previously if a buyer has to complain there was only consumer forum where they can complain which is entirely a different body which works in its own portfolio has already huge complain list registered due to which it takes a long time to respond and resolve a issue.

But RERA is committed to resolve a issue in fix period of time within 60 days. And buyers can complain easily online. All the projects all over India will be updated in RERA website with its documentation and approval. That means only those builders will work who have all valid documents for a project. Every builder has to update their project status on RERA website in every 3 monts. So after this implementation buyers will not need to run after builders office to know about project status and there will be less chances of delay in projects completion.

The promoter of a real estate development firm has to maintain a separate escrow account for each of their projects. A minimum 70 per cent of the money from investors and buyers will have to be deposited. This money can only be used for the construction of the project and the cost borne towards the land.They also have to furnish details of revenue collected from allottees, how the funds were utilised, the timeline for construction, completion, and delivery that will need to be certified by an Engineer/Architect/practicing Chartered Accountant.

So the conclusion is that Under RERA there will be no misleading to buyers and RERA will prevent real estate form people who defame it for their sake of money and own benefit.

RERA Act Benefits

“RERA protects buyers in the real estate projects. They are the king now.”

As per Real Estate Regulation Act, real estate developers and agents need to register with State Real Estate Regulatory Authority by 30 July. They would then come under the purview of RERA act. When you buy a property consider checking this aspect so that you are protected from now on.

As per RERA, Real Estate Developer need to deposit 70% of the funds collected from buyers in separate bank account created for the projects. They need to use these funds only for the construction of the projects to see timely completion of the projects.Any deviation in this would attract penalty including imprisonment.

As per RERA guidelines, developer should sell the projects only based on carpet area where buyer can use. In case of defaulter they would be imprisoned for 3 years.

ज्यादा जानकारी के लिए निचे दिए गए विडियो को देखें :

Best Construction Quality in Noida Extension

While Developing a Project the construction of project faster, cheaper, safer and of best quality is the ideal scenario every builder in real estate .There are large number of real estate builders and developers working on several projects in noida extension at the same time which results in mess with the construction quality. It is the main reason to worry for buyers. Buyers should ensure about buying a home for the safety of the family. Quality of construction is also one of the important factors for the resale value of the flats.

Best Construction Quality in Noida Extension

When someone buys a property they want to be ensured about the quality of construction as they have put their hard earned money on it. In recent years there are too many methods as you can say that technologies has arrived which promises better quality and construction ,but we should examine it ourselves about it . Still it is very common nowadays the house owners are complaining about the construction quality. After all, it is a matter of your life and family. We should never invest in a property for which we are not very sure or we have any doubt about the quality of materials used.

List Of Projects which have Best Construction Quality in Noida Extension :

There should be presence of Best Construction Quality in Noida Extension authority otherwise there tends to be a rampant corruption, mismanagement and delays in project that results in compromising the quality. These structures made from low quality materials, are more susceptible to structural and safety malfunctions and pose a potential danger, not only to the inhabitants, but also to people living in the immediate surroundings. The worst thing about such defects is that most of them might not be even visible. For instance, a person who is not well versed with the architectural science won’t be able to find out if the property is structurally unsound.

If you are a home buyer and planning to invest in an under-construction project, checking and measuring the construction quality of the project should be of paramount importance. When investing in such a property, it is advisable to make a surprise visit to the construction site and check the Best Construction Quality in Noida Extension.

In your Organization, if you want your Custom Relationship Management (CRM) system to function at its best, you need a good set of eyes and hands managing it. A CRM Administrator is very important for the success of your database.

A real estate CRM should enable you and your team to effectively service all of your clients. Your prospects, appraisal contacts, vendors and buyers (and for those doing property management, your landlords and tenants) are all clients. Your real estate CRM should be able to market to different groups of your clients through multiple mediums – letters, emails and SMS. It should remind you when to follow up your prospects and appraisals so they won’t forget you, but without annoying.

Important Qualities of a CRM are as Follows :

Your real estate CRM should enable you to keep clients for life – it should have functionality available to follow up past buyers, and past vendors so they keep coming back to you year after year.

This person should be willing to grow and change as your organization changes. Your CRM use likely will expand, and this person needs to grow with it.

This role is “user facing.” This person needs to understand what a user is trying to do and reach out to them at their level. The more your Administrator understands the business needs of users, the more successful your CRM system will be.

This person must be committed to the success of your entire organization, not just his or her boss or a specific department. This is a team-oriented position.

Real Estate firms receive enquiries for properties, and they are required to provide options on the basis of various criteria such as budget, location, property type. When an enquiry is received, the contact information like name, contact details and property requirements need to be maintained in an organized manner for timely follow-ups. Based on whether the person is interested in buying, leasing or renting a property, the person’s search criteria are made note of. These could be property type, which could be residential or commercial, budget, region, city and date of occupation, to name a few. Based on these search criteria the sales executive is expected to provide options to the caller from within the company property database.

CRM helps to build strong, lifelong relationships with their customers. In addition it supports lead management, sales, marketing, customer care and service as well. It also helps property professionals understand and manage their most valuable asset – their customers and thus contributes to increased profitability.

It is a high time for home buyers who are interested to buy a luxury home in Delhi/NCR region. The decision of demonetization has resulted in fall on cash transaction in realty segment. Gharchahiye.com reveals the complete scenario. If believed to the facts luxury and high-priced property rapidly undergo a correction in the short-term due to demonetization. It is also expected that the resale market of luxury homes will now provide more options to home buyers. Let’s discuss about some of the factors which will be the reason for that it is the right time to buy a luxury homes in Delhi/NCR.

Amazing Price List

According to real estate experts prices of luxury homes is going to fall by 15-20 percent due to demonetization which is announced by central government. This will result in dropping of prices which will force builders to provide as better schemes and offers to buyers so that they buy the properties. So it is very clear that the buyers will get the best options on these high priced properties like never before.

Increased transparency

Multiple clearances for obtaining approvals, late possessions and cash flow of black money have contributed to painting a negative image of the Indian real estate sector. This has been making luxury homebuyers, particularly Non-Resident Indians (NRI) quite conscious. However, post the demonetization, many ‘Grade A’ developers had stopped the practice of taking cash in primary sales and a home buyer is protected from earlier problems.

This is good news for buyers who were anyway planning to buy a luxury home in Delhi NCR , especially those who wanted a ready-to-move-in unit like luxury flats in noida extension. “With many big-ticket builders completely operating via bank instruments, there is no under-the-table money to pay, which has made the market transparent, all of a sudden,” Adhikari explains further.

Why Should not wait luxury homebuyers ??

However, some experts feel luxury homebuyers from Noida Extension, Greater Noida and Ghaziabad were not waiting anyway. After demonetization, all prospective buyers are waiting for the price cut or correction. However, luxury flats in noida extension , luxury properties in Noida, Greater Noida, and Ghaziabad were already pocket-friendly. Since these markets have the circle and market rate almost at equal levels, hence the property cost will not come down anymore.

Today we talk about Demonetization. In the simple language we will discuss about the effects of Demonetization on Real Estate. The People who were thinking of buying property or doing investment on property, I want to share some information on the basis of information and experience I have in real estate industry.

Friends, In India If we define property,we have to define cities in our country. Here we can find 3 kinds of cities. One is the mainstream cities like Delhi, Mumbai, Bangalore,etc. Second Mainstream cities like Lucknow, Kanpur, Allahabad,etc. If I would consider the main effects of Demonetization on real estate is will be on 2 or 3 tier cities where main mode of investment was cash. If we talk about mainstream cities the major mode of investment is Loan which was Bank dependent. So it is clear that buyer from mainstream section today has better opportunity while buying a property. For the buyer from 2-3 tier cities have wait for a while to buy a property.

Now we will talk about the main segments of Real Estate to discuss effects of Demonetization on real estate;

1) Residential(Flats,Bungalows,Villas)

2) Commercial(Shops ,Offices)

3) Land

4) IT/ITES Offices

If we talk about commercial spaces,land & IT Offices ,On these segments Loan facility was not available,Cash was mainly involved so theses segments will definitely suffer due to Demonetization(Effects of Demonetization on Real Estate). But when we talk about Residential flats and Primary market , then there are two sections comes in Residential flats as primary market and secondary market which we call as Resale. When we talk about Resale,then it will also get affected by Demonetization because here also the mode of transaction was cash.

But if we talk about Delhi/NCR primary market then in coming 3-6 months it will get an hike of Rs300-500. There are specific reasons for this which I want to discuss here. Firstly due to Demonetization 5-7 Crores will come under tax slab,will pay tax and become eligible to take bank loans easily to Buy property. That means around 4-5 Crores new buyers will be introduced to in real estate market across India.There will be around 2-2.5 Crores buyer will be under 5-10 Lakhs tax slab. The time when we reach a slab of 5-10 Lakh will try to find the best possible way to save their tax as much as they can. On that way there is a facility of EMI which will be the best way to save tax for buyers.

In EMI Process there is no tax have to pay on amount of up to 1Lakh,according to our Government policy. So in Residential and Commercial section buyers will be interested and involve in real estate market in investment point of view which is a good Effects of Demonetization on Real Estate.

Today while taking loan the interest we are giving to bank is around 9.5 to 10% is expected to be lowered down up to 7% according to survey. If believed to the fact When it will be 7% the major section of buyers who are eligible to to pay EMI will also involve in property buying. If we have to pay less interest in loan then there will be less interest in saving as well. If saving interest will be less than people will don’t put their money on Bank rather than doing investment any where else. According to recent survey, around 5% interest will be reduced on saving on bank.

It will give a scope that there will be a major section of people who want to invest their money on real estate rather than keeping in bank. If we do calculation on real estate property of last 5-10 years we’ll find there is a ROI of 15% in real estate market.

I want to say that those buyers who are waiting for the price of the property will be lowered in future,this is the correct time to invest in property as major builders are providing very attractive schemes and offers which is a good effect of Demonetization on real estate for buyers.

Residential Property will impact on those areas where property rate is over circle rate like Delhi, Gurgaon and main mode of transaction was cash. If we see noida market i.e noida and noida extension where property rate is around circle rate and 99% of the investment is through Bank loan. Here all builders are planning that price will be increased up to 100-200 every month or it will be stable, but not going to decrease. So there will be a major section of buyers will invest at this point of time there is a major chance that there will be a huge price hike on coming 3-6 months .

So Choose your Correct option rather than waiting for correct time as according to Effects of Demonetization on Real Estate ,because this is a Correct time to invest your hard earned money in your Dream Home.

Summary :

So by far on the basis of above information we can say that demonetization will give a positive effect on residential buyers as it deals with Loan EMI but has negative impact on buyers Commercial, Land and IT Offices . This is the correct time to invest in property as major builders are providing very attractive schemes and offers which is a good effect of Demonetization for buyers. So we can say that after demonetization Real Estate will be a booming sector like never before.